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Applying for a Cash Advance

Flexible finance designed as an alternative to traditional bank loans.

Applying for a Cash Advance

Getting funding for a business is a challenge, whether it be ensuring your business meets strict requirements or simply have the time to fill out lengthy applications and go through vetting processes. However, business funding such as a merchant cash advance, can have a huge positive impact on your business and planning efficiently for such an application can greatly reduce any time it would take away from your business, and reduce any potential hiccups in application.

Determine a Cash Advance value

As soon as you begin applying for a business cash advance, or any other type of business finance, the lender will always ask ‘how much do you want to borrow?’. Always know how much you need, where this money will go and how you would expect to see a positive business impact on the back of the lending.

Consider the amount of money you can afford – there’s no point applying for £5million in credit if you have no way of paying this back!

Calculate debt coverage within a business

A business plan on how a loan will be spent is one stage in the process of application, but a business owner with a business cash advance needs to also prove how the cost a debt will be covered.

With an unsecured business loan, the cost of the debt is covered by a monthly percentage of credit and debit card sales.

The debt coverage service ratio is one way to approach this.

Work out your cash flow/loan repayment each month – this will give you your DCSR.

For example, if you are agreeing to pay around £1,000 a month initially, and make £10,000 a month in credit or debit card sales, you have a coverage of £10 for every £1 you need to spend. What’s more, cash advances work on the notion that a percentage of income is paid back each month, so even in a slower month for the business the overall cost of the repayment is lower.

Analyse your current credit

An unsecured business cash advance is subject to a credit check, so ensure all credit is in order across the business. Any other loans you have need to be considered, notably the level of repayment, and length of time left to repay on these loans.

Also, highlight any previous loans which have been satisfied and ensure company accounts, submissions and cash flow are all noted. This will aid in speeding up the process needed for full cash advance application to take place.

Have a business plan

Above all else, ensure the value of a loan, the coverage of debt and any changes to borrowing, accounts or credit are accounted for within a business plan that has clear targets symbolising an increase in the level of business and success.

The business plan should include expected costs, expected income, variable market accounts and changes in overheads – such as office space or equipment.

365 Business Finance provide unsecured cash advances to businesses across the UK. All loans are subject to credit checks and business plans to ensure the sustainability of your business upon the loan being accepted.

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Do I Qualify?

Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.

In business for at least

12 months

Monthly credit and debit card turnover of at least


Finance Academy

Explore our Finance Academy to understand all the financial acronyms and jargon, and take charge of your business’s financial success today!

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How a Merchant Cash Advance Works

A merchant cash advance is an ideal type of no credit check loan. Instead of relying on your credit score, we assess your business’ recent debit and credit card transactions to determine affordability and produce a funding offer tailored for your business. Get in touch with our team today to receive a tailored quote. The loan application process is quick and easy, and we can give you a funding decision within 24 hours. There is no need for you to provide collateral or business plans, and we only conduct a soft credit check that does not affect your credit score. From this, we’re able to make a funding decision without running a hard check that will show on your credit report. Unlike a traditional bank loan, there are no interest rates or fixed monthly payments to worry about. Instead, repayments are taken from a small percentage of your future debit and credit card payments. We don’t require any APR as there is no fixed fee, just one all-inclusive cost that’s agreed on at the start, which never changes.


Women in Credit Awards - Employer of the Year 2023
Lending Awards - Alternative Lender of The Year 2022



Women in Credit Awards - Employer of the Year 2023
Lending Awards - Alternative Lender of The Year 2022


Repayments mirror the ups and downs of your business

A business processing £10,000/month in card sales can receive an unsecured cash loan of the same amount, with no interest rates or fixed terms. Repayments are automatic and based on a small percentage of monthly card sales.

Am I eligible for a Rev&U™ cash advance?

Has your business been trading for a minimum of 6 months?

Does your business’ monthly credit and debit card sales exceed £10,000?

How much capital does your business need?

Use our calculator and see how Rev&UTM could help your business.

£60,000 Up to £400,000
1 – 3 years


funding received


for every card transaction

goes to your account

16% = £16

goes to 365 finance

A simple and secure way to finance your business

in minutes

Complete the application form. It takes less than 5 minutes!

Relationship manager

Be allocated a relationship manager to assist with any queries.

Approval under 24h

A decision will be made under 24h.

Get your cash advance in days

Funding directly into your business bank account within days

    Fast, efficient and friendly service. Enjoyable and easy experience from start to finish. Good to deal with real and responsive people. Very satisfied with the overall service

    Matthew, Business owner

    Matthew, Business owner

Useful information

Finance Academy

Explore our Finance Academy to understand all the financial acronyms and jargon, and take charge of your business’s financial success today!

Explore our guides

Same Day Business Cash Advance

The flexible alternative to bank loans

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